Peruvian small and medium enterprises (SMEs), including the clothing sector, would benefit due to the implementation of the free trade agreement (FTA) between Peru and Costa Rica, which came into effect from June 1, 2013, according to Exporters Association (ADEX). At a time when economic crisis is affecting major markets like the US and the EU, the Latin and Central American markets offer exciting opportunities, ADEX president Eduardo Routledge said. Routledge named several Peruvian products

Cotton ruled steady on Monday on restricted selling and normal buying by domestic mills. According to traders, cotton prices may not gain further as demand has come down in some centres. Gujarat Sankar-6 cotton traded at Rs 38,100-38,200 for a candy of 356 kg. V 797 cotton A grade went for Rs 27,300-27,800 a candy. Cotton ready delivery quoted at Rs 4,050-4,130 for a quintal in Punjab, Rs 3,940-3,970 in Haryana and Rs 3,960-3,980 in Rajasthan. Kapas, or raw cotton, traded at Rs 950-1,000 for a

Cotton prices in India may remain firm this week, supported by concerns over lower sowing as farmers may shift to other lucrative crops, while a drop in spot supplies and a pick-up in yarn demand would also help prices. Sowing of cotton has begun in the country and would pick up with the spread of monsoon rains, traders said. "Acreage under cotton may drop by more than 5 percent this season as farmers may shift to other remunerative crops such as soybean and guar," said Vedika Narvekar, a se

Punjab completed 72 percent cotton sowing over the target acreage of 6 million for 2013-14 Kharif season, Director General Punjab Agriculture Extension Services Dr Anjum Ali said. “The modest cotton sowing target would be achieved during next 10-15 days to produce 10 million bales of cotton in order to meet the domestic needs of the commodity as well as export purpose,” he added. Punjab had failed to achieve cotton production target of 11.5 million bales by 2 million bales during 2012-13 cot

Nantong Teijin, the polyester textile manufacturing and processing company based in Nantong, China, has announced it will take part in Shanghai International Occupational Uniform Exhibition, China’s sole international uniform show, which will be held at the Shanghai Everbright Convention and Exhibition Centre from 5-7 June. The fast-growing demand for occupational uniforms in China covers different fields such as government, law enforcement, military and various institutions, as well as various

Photo: Enoch Lau France’s market regulator will seek the maximum possible fine against luxury giant LVMH for failing to disclose it was preparing to build a stake in rival Hermès initially revealed in 2010. While the amount of the fine, 10 million euros ($13.05 million), would be a pittance for the group controlled by France’s wealthiest man Bernard Arnault — LVMH’s market value is 70 billion euros — the decision by regulator AMF is a public relations setback for the owner of some 60 luxury b

Gucci A/W 2013 | Photo: Sonny Vandevelde Luxury-goods makers are adapting as demand for premium products aligns with the broader economy for the first time in a decade, the chief executive officer of Gucci Group said. “The luxury industry, for the first time in the past 10 years, had to face challenges that were not there before,” Patrizio di Marco said today in an interview with Bloomberg Television. Amid a tougher economic climate, consumers are looking for greater “insurance” when makin

Sephora Flagship, Champs Elysees, Paris | Source: Courtesy Photo Justine Le Sassier wouldn’t be caught dead buying a Louis Vuitton handbag. “They don’t have any appeal,” the 18-year-old art student said of the label’s $1,340 monogrammed handbags while shopping on the Champs Elysees in Paris. Happily for Vuitton’s owner, LVMH Moet Hennessy Louis Vuitton SA, Le Sassier is crazy about the 13.90 euro ($18) foundation sold by Sephora, the company’s fast-growing fragrance and cosmetics retail

Tiffany's has appointed Anthony Ledru to the position of Senior Vice President - Northern America. Ledru has spent virtually his entire career in the luxury industry, first with Cartier in Latin America and the United States, and then with Harry Winston International in New York as Global Vice President of Sales. Tiffany's is based in New York. It operates retail stores and boutiques in the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates. Frederic Cumenal, Executive Vice Pres

For the first quarter of fiscal 2014, Guess has reported adjusted EPS of 0.14 dollars compared to 0.30 dollar in the first quarter of fiscal 2013. It witnessed a revenue decrease of 5 percent to 549 million dollars. Company has provided Q2 fiscal 2014 EPS guidance in the range of 0.34 dollars to 0.38 dollar and has maintained full year fiscal 2014 EPS guidance in the range of 1.70 dollars to 1.90 dollars. Asian revenues increased 10 percent in US dollars and 8 percent in constant dollars. North